THY-OEIL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
THY-OEIL
Largest movements
- Cash -€36,516
down €36,516 (-47.5%), from €76,871 to €40,354
mainly Investment in fixed assets (net) (-€67,862) and Contributions, distributions and other (-€44,079)
- Receivables after one year -€18,000
down €18,000 (-22.8%), from €79,000 to €61,000
- Tangible fixed assets -€17,998
down €17,998 (-5.0%), from €362,895 to €344,898
of which Plant, machinery and equipment: -€30,879
- Deferred charges and accrued income +€8,023
up €8,023 (+6.2%), from €129,989 to €138,012
- Trade debts -€34,387
down €34,387 (-53.1%), from €64,726 to €30,339
- Debts after one year -€11,560
down €11,560 (-9.4%), from €123,105 to €111,545
- Reserves -€9,234
down €9,234 (-2.3%), from €401,944 to €392,710
- Current portion of long-term debt -€9,069
down €9,069 (-20.5%), from €44,267 to €35,198
- Depreciation +€24,912
up €24,912 (+40.9%), from €60,948 to €85,860
- Gross operating margin -€11,622
down €11,622 (-6.9%), from €168,332 to €156,711
- Other operating charges -€6,526
down €6,526 (-57.5%), from €11,356 to €4,830
- Taxes -€2,600
down €2,600 (-10.2%), from €25,570 to €22,970
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,998 | €587,748 | -€67,250 | -10.3% |
| Fixed assets | 21/28 | €362,895 | €344,898 | -€17,998 | -5.0% |
| Tangible fixed assets | 22/27 | €362,895 | €344,898 | -€17,998 | -5.0% |
| Land and buildings | 22 | €104,895 | €96,205 | -€8,690 | -8.3% |
| Plant, machinery and equipment | 23 | €203,480 | €172,601 | -€30,879 | -15.2% |
| Furniture and vehicles | 24 | €54,521 | €76,092 | +€21,571 | +39.6% |
| Current assets | 29/58 | €292,103 | €242,851 | -€49,252 | -16.9% |
| Amounts receivable after more than one year | 29 | €79,000 | €61,000 | -€18,000 | -22.8% |
| Other amounts receivable | 291 | €79,000 | €61,000 | -€18,000 | -22.8% |
| Amounts receivable within one year | 40/41 | €6,243 | €3,484 | -€2,759 | -44.2% |
| Other amounts receivable | 41 | €6,243 | €3,484 | -€2,759 | -44.2% |
| Cash at bank and in hand | 54/58 | €76,871 | €40,354 | -€36,516 | -47.5% |
| Deferred charges and accrued income | 490/1 | €129,989 | €138,012 | +€8,023 | +6.2% |
| Total equity and liabilities | 10/49 | €654,998 | €587,748 | -€67,250 | -10.3% |
| Equity | 10/15 | €414,344 | €405,110 | -€9,234 | -2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €401,944 | €392,710 | -€9,234 | -2.3% |
| Distributable reserves | 133 | €401,944 | €392,710 | -€9,234 | -2.3% |
| Amounts payable | 17/49 | €240,654 | €182,639 | -€58,015 | -24.1% |
| Amounts payable after more than one year | 17 | €123,105 | €111,545 | -€11,560 | -9.4% |
| Financial debts | 170/4 | €123,105 | €111,545 | -€11,560 | -9.4% |
| Amounts payable within one year | 42/48 | €117,550 | €71,094 | -€46,456 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €44,267 | €35,198 | -€9,069 | -20.5% |
| Trade debts | 44 | €64,726 | €30,339 | -€34,387 | -53.1% |
| Suppliers | 440/4 | €64,726 | €30,339 | -€34,387 | -53.1% |
| Taxes, remuneration and social security | 45 | €7,893 | €5,134 | -€2,759 | -35.0% |
| Taxes | 450/3 | €6,243 | €3,484 | -€2,759 | -44.2% |
| Remuneration and social security | 454/9 | €1,650 | €1,650 | = | 0.0% |
| Other amounts payable | 47/48 | €664 | €423 | -€241 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,948 | €85,860 | +€24,912 | +40.9% |
| Other operating charges | 640/8 | €11,356 | €4,830 | -€6,526 | -57.5% |
| Non-recurring operating charges | 66A | €262 | €302 | +€40 | +15.3% |
| Gross operating margin | 9900 | €168,332 | €156,711 | -€11,622 | -6.9% |
| Operating profit (loss) | 9901 | €95,767 | €65,719 | -€30,048 | -31.4% |
| Financial income | 75/76B | €1,565 | €1,418 | -€147 | -9.4% |
| Recurring financial income | 75 | €1,565 | €1,418 | -€147 | -9.4% |
| Financial charges | 65/66B | €9,329 | €9,321 | -€8 | -0.1% |
| Recurring financial charges | 65 | €9,329 | €9,321 | -€8 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €88,002 | €57,815 | -€30,187 | -34.3% |
| Income taxes | 67/77 | €25,570 | €22,970 | -€2,600 | -10.2% |
| Profit (loss) for the period | 9904 | €62,432 | €34,845 | -€27,587 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,432 | €34,845 | -€27,587 | -44.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.